Antitrust lawsuit filed against Apple for smartphone monopoly

Summary: The Justice Department filed an antitrust lawsuit against Apple, alleging it maintains a smartphone monopoly, stifles competition, and keeps prices high. Apple denies the claims and vows to defend vigorously. The lawsuit aims to stop anti-competitive practices like limiting access to third-party services and undermining competing technologies. The Biden administration is intensifying antitrust enforcement against tech giants. Apple's stock has fallen amid concerns about its business practices and market dominance.

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